ViewLAMF Global Ventures Corp. I Shareholders Approve Previously Announced Business Combination With Nuvo Group Ltd.; Holdco And Is Expected To Be Listed On Nasdaq Under The Ticker Symbol "NUVO"
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LAMF Global Ventures Corp. I's shareholders have approved a business combination with Nuvo Group Ltd., a remote pregnancy monitoring platform. The merger involves LAMF, Nuvo, Holdco Nuvo Group D.G Ltd., Nuvo Assetco Corp., and H.F.N Insight Merger Company Ltd. Over 93.4% of LAMF's Class A ordinary shares voted in favor. Post-merger, the combined entity will be listed on Nasdaq under the ticker 'NUVO', with warrants under 'NUVOW'. Approximately 2.9 million LAMF shares were redeemed at $11.03 each, leaving about $434,982 in the trust account.
April 02, 2024 | 8:02 pm
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LAMF Global Ventures Corp. I's shareholders approved a merger with Nuvo Group Ltd., leading to a new listing under 'NUVO'. Over 93.4% of shares voted in favor, with significant share redemption.
The approval of the merger and the subsequent listing under a new ticker symbol 'NUVO' indicate a positive development for LAMF. The high percentage of votes in favor and the progression towards finalizing the merger suggest a positive outlook for the stock. However, the significant share redemption could indicate some investor reservations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100